Guy With Glasses Imagining His Future Home Min

๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐—™๐—ฎ๐—น๐—น๐˜€ ๐˜๐—ผ ๐Ÿฎ.๐Ÿญ%

Australia's economy continues to expand, but the rate of growth is slowing, according to new data from the Australian Bureau of Statistics.

Growth over the last four quarters has been:

* Sep-22 = 0.7%
* Dec-22 = 0.7%
* Mar-23 = 0.4%
* Jun-23 = 0.4%

Due to the slowdown โ€“ which has been triggered by rising interest rates โ€“ the annual rate of economic growth fell from 3.1% in the 2021-22 financial year to 2.1% in 2022-23.

A slowing economy tends to lead to higher unemployment. The Reserve Bank has forecast that unemployment, which is currently at 3.7%, will rise to 4.4% by the end of the 2024 calendar year.

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge. Weโ€™ll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

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